Bankbazaar Has Raised Fresh Round Of Funding
Online Financial website Bankbazaar has raised fresh round of funding Rs 29 crore lead by Amazon and Walden SKT Venture Fund.
Even Sequoia, GUS Holdings, and Eight Roads Investments have also participated in the round. Besides this, even BankBazaar’s top executives like founders Adhil Shetty and Arjun Shetty, CTO Murari Sridharan, the company’s chief delivery officer Iype Isac, and CFO Ramesh Srinivasan have made an investment in this round.
According to Inc42 “BankBazaar has issued 12,337 shares to Amazon for INR 5.6 Cr, 15,421 shared to Walden SKT Venture Fund for INR 7.1 Cr, 4,978 shares to GUS Holdings for INR 2.2 Cr, 5,782 shares to Sequoia for INR 2.6 Cr and 3,338 shares to Eight Roads for INR 1.5 Cr”
Amazon has also invested previously around Rs 373 Cr ($60Mn in 2015) in series C funding round and two years later in 2017 Experian Ventures funded BankBazaar around $30 Mn in Series D.
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